29 January, 2016
28 January, 2016
New figures from Accountant in Bankruptcy also show that the number of new debt payment programmes approved under the Debt Arrangement Scheme increased 13.4 per cent to 517 this quarter after several quarters of decline.
26 January, 2016
[2016] EWHC 77 (Admin)
20 January, 2016
New regulations issued that specify the circumstances in which a financial institution is permitted to impose a charge on an account holder in respect of administrative costs it has incurred in carrying out any obligation required of it under the direct recovery of debt process, and the maximum charge which it may impose.
15 January, 2016
New research highlights that whilst people frequently raise their money issues at first with professionals such as doctors, banks or councils, around 3.4 million people don’t receive advice or a referral on to appropriate and timely money advice.
8 January, 2016
New report finds evidence of poor practice, including a lack of consideration given to whether people can afford repayments and people forced to pay a debt when it is under dispute.
8 January, 2016
22 December, 2015
New regulations that, from 18 January 2016, provide for the Law Society of Scotland to cease to be a recognised professional body under section 391 of the Insolvency Act 1986.
15 December, 2015
New statistics include that total insolvency rates were highest in parliamentary constituencies by the coast, and in the South West, North East, Merseyside and parts of Yorkshire and East Midlands.
11 December, 2015
New research from Step Change highlights the number of people working in insecure jobs through a lack of choice, resulting in a ‘new normal’ of insecurity and income shocks that people need help to adjust to.
9 December, 2015
New statutory instrument increases fees payable in applications for bodies to be recognised as insolvency practitioners and the annual fee based on the number of members authorised by that body to act as an insolvency practitioner.
3 December, 2015
Insolvency Service highlight changes being introduced to insolvencies, the director disqualification process and the regulation of insolvency practitioners following the passage of the Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015.
30 November, 2015
[2015] NICA 64
26 November, 2015
Threshold to be frozen at £21,000 at April 2016 for all borrowers with post-2012 loans, with ‘upper’ interest threshold of £41,000 also to be frozen to ensure that variable interest rates applied for those earning between £21,000 and £41,000 remain unaltered.
18 November, 2015
New 'financial security' study finds that, of the third of people who said they would borrow money or fall into debt as a result of the loss of income, half would borrow from family or friends, 45 per cent would skip or delay payments on essential bills, 41 per cent would use an overdraft, and 31 per cent would use a credit or store card.
12 November, 2015
New Ministry of Justice statistics for July to September 2015 also show that landlord possession claims down five per cent from same quarter in 2014.
3 November, 2015
Interim report from the Financial Conduct Authority finds that, while credit card companies are active in contacting customers who miss payments and are unprofitable, customers with persistent levels of debt or who make minimum payments are profitable, and firms do not routinely intervene to address this behaviour.
2 November, 2015
Bill aims to capture all of the amendments made to the primary legislation governing bankruptcy in Scotland, the Bankruptcy (Scotland) Act 1985, as well as new laws brought in since, including the Bankruptcy and Debt Advice (Scotland) Act 2014 which came into force in April this year.
29 October, 2015
New Insolvency Service statistics for the third quarter of 2015 also show that the number of bankruptcies and debt relief orders continues to decline.
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